DGAP-News

DIC Asset AG realises early refinancing of the Commercial Portfolio - Seite 2

approximately EUR 35 million. The company intends to disburse, as planned,
an attractive dividend on the level of previous years for the 2016
financial year.


Increased FFO and cash flow as of the 2017 financial year

Closing these transactions will be instrumental in strengthening the future
financial and earnings position of DIC Asset AG. The estimated cash flow
will increase by up to circa EUR 40 million p.a. ceteris paribus in 2017.
This includes anticipated interest expense savings of up to EUR 20 million
per year. With the further planned development of the Commercial Portfolio
and Fund Business divisions taken into account, the company projects FFO
between EUR 55 million and EUR 60 million in the 2017 financial year.

"This financial transaction, which is quite significant for us,
significantly strengthens our future profitability and the cash flow from
our commercial real estate portfolio. The new financing structure and the
funds it releases will enable us to expand the company's planned growth and
to accelerate it further in 2017," said Sonja Wärntges, CFO at DIC Asset
AG.



Press contact

DIC Asset AG
Andre Zahlten
Head of Corporate Communications
Neue Mainzer Strasse 20 - MainTor
D-60311 Frankfurt am Main
Phone [phone]
Fax [phone]
[e-mail]


Investor Relations

DIC Asset AG
Peer Schlinkmann
Head of Investor Relations
Neue Mainzer Strasse 20 - MainTor
D-60311 Frankfurt am Main
Phone [phone]
Fax [phone]
[e-mail]


About DIC Asset AG:
Established in 2002, DIC Asset AG, with registered offices in Frankfurt/
Main, is a real estate company with an investment focus on commercial real
estate in Germany, pursuing a return-oriented investment policy. The
Company's investment strategy is geared to the continued development of a
high-quality, highly profitable and regionally diversified portfolio. Real
estate assets under management comprise circa 210 properties with an
aggregate market value of EUR 3.2 billion. The real estate portfolio is
structured in two segments: the Commercial Portfolio (EUR 1.7 billion)
comprises existing properties with long-term rental contracts generating
attractive rental yields. The Co-Investments segment
(EUR 1.5 billion) comprises fund investments (accounting for a share of EUR
1.2 billion), joint-venture investments, and interests in development
projects. In-house real estate management teams provide a direct service to
tenants, working out of six different locations in each of the portfolio
focus regions. This market presence and expertise creates the basis for
preserving and enhancing earnings and real estate values. DIC Asset AG has
been included in the SDAX(R) segment of the Frankfurt Stock Exchange since
June 2006. The Company's shares are also included in the EPRA index, which
tracks the performance of the most important European real estate
companies.


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14.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20 * MainTor
60311 Frankfurt am Main
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A1TNJ22, DE000A12T648
WKN: A1X3XX, A1TNJ2, A12T64
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange



End of News DGAP News Service
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529859 14.12.2016